Click for new scientific resources and news about Corona[COVID-19]

Paper Information

Journal:   IRANIAN JOURNAL OF TRADE STUDIES (IJTS)   WINTER 2011 , Volume 15 , Number 57; Page(s) 115 To 154.
 
Paper: 

ANALYSIS AND INVESTIGATION OF THE RELATION BETWEEN ECONOMIC GROWTH AND GASOLINE AND GAS OIL DEMAND IN IRAN'S TRANSPORTATION SYSTEM (GROUND-ROUT)

 
 
Author(s):  ABOU NOURI ABAS ALI, HAMEDANI A.
 
* 
 
Abstract: 
This article aims to investigate the relationship between fuel demand and economic growth in the period of 1966-2005 using the Vector Auto Regressive (VAR) methods and Granger causality test and Vector Error Correction estimation (VEC) and Johansen Cointegration test. The results suggest a long term relation between gasoline annual consumption and gross domestic product (GDP). The results of variance decomposition show that GDP has the highest impact on itself and the gasoline consumption variation is mainly defined by the GDP. Incorporating gas oil annual consumption, the results of variance decomposition show that GDP has the highest impact on itself and the gas oil annual consumption variation is mainly defined by GDP. The results of estimation incorporating gas oil annual consumption to the model show that that GDP has the highest impact on itself and the gas oil annual consumption variation is mainly defined by itself. The Granger causality test runs one-way from GDP to gasoline annual consumption and not the other way but it does not show any relationship between GDP and gas oil annual consumption. The results of VEC estimation confirm the results of granger causality test. The Johansen Cointegration test shows a relation between GDP and gasoline and gas oil annual consumption in long term.
JEL Classification: O40, L91.
 
Keyword(s): FUEL DEMAND, ECONOMIC GROWTH, VAR MODEL, GRANGER CAUSALITY TEST, JOHANSEN COINTEGRATION TEST
 
 
References: 
    exDatabase 'admin_Host353' cannot be opened. It is in the middle of a restore.
 
Click to Cite.
APA: Copy

ABOU NOURI, A., & HAMEDANI, A. (2011). ANALYSIS AND INVESTIGATION OF THE RELATION BETWEEN ECONOMIC GROWTH AND GASOLINE AND GAS OIL DEMAND IN IRAN'S TRANSPORTATION SYSTEM (GROUND-ROUT). IRANIAN JOURNAL OF TRADE STUDIES (IJTS), 15(57), 115-154. https://www.sid.ir/en/journal/ViewPaper.aspx?id=189543



Vancouver: Copy

ABOU NOURI ABAS ALI, HAMEDANI A.. ANALYSIS AND INVESTIGATION OF THE RELATION BETWEEN ECONOMIC GROWTH AND GASOLINE AND GAS OIL DEMAND IN IRAN'S TRANSPORTATION SYSTEM (GROUND-ROUT). IRANIAN JOURNAL OF TRADE STUDIES (IJTS). 2011 [cited 2021May06];15(57):115-154. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=189543



IEEE: Copy

ABOU NOURI, A., HAMEDANI, A., 2011. ANALYSIS AND INVESTIGATION OF THE RELATION BETWEEN ECONOMIC GROWTH AND GASOLINE AND GAS OIL DEMAND IN IRAN'S TRANSPORTATION SYSTEM (GROUND-ROUT). IRANIAN JOURNAL OF TRADE STUDIES (IJTS), [online] 15(57), pp.115-154. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=189543.



 
 
Yearly Visit 41 Persian Abstract
 
Latest on Blog
Enter SID Blog